Private Foundations

Private foundations, which typically are funded by a single company, family, or individual, are more highly regulated than public charities. Federal tax law regarding private foundations contains highly nuanced rules regarding taxes on net investment income, income distribution requirements, self-dealing, excess business holdings, investments that jeopardize charitable status, and taxable expenditures.

Our experienced lawyers guide our private foundation clients on how to manage their assets and conduct their activities to stay within the law, affording them the confidence that their time and resources will be spent to further their charitable mission.

Matters

Forming and securing tax exempt status for independent, family and corporate foundations

Conducting legal audits to ensure compliance

Structuring transactions to avoid both direct and indirect self-dealing

Addressing and correcting self-dealing, minimum distribution and other violations

Qualifying as a private operating foundation, supporting organization, or other special status